Compliance & Regulation
SRA to cut Compensation Fund payout limit to £500k
The Solicitors Regulation Authority has decided to implement its controversial plan to cut the maximum award from its Compensation Fund from £2m to £500,000.
SDT rejects a quarter of prosecution agreements
The Solicitors Disciplinary Tribunal rejected a quarter of the outcomes agreed by the Solicitors Regulation Authority and defendants last year, its annual report has revealed.
Lawyers face new levy to support economic crime drive
Larger law firms face a new levy of £100-200 per £1m of revenue to support the government’s economic crime plan, under proposals outlined by the Treasury yesterday.
Lawyers have become “de facto agents of Russian state”
Lawyers have become “de facto agents of the Russian state” by helping to smooth the way of Russian money entering the UK, according to Parliament’s Intelligence and Security Committee.
COFA banned for using disbursement payments to prop up firm
A compliance officer for finance and administration who helped the firm’s owner use £500,000 received for disbursements to prop up the firm has accepted a ban from the profession.
Law firm’s head of BD jailed over indecent images
The former head of business development at a leading defendant law firm has been jailed for four years after a police raid discovered 6,000 indecent images of children on his computer and other devices.
Gowland joins LSB in chartered legal executive first
A former president of the Chartered Institute of Legal Executives has become the first member of that branch of the profession to be appointed to the Legal Services Board.
Call for impartial websites on quality of lawyers’ services
Independent websites providing impartial information on the quality of legal services providers are needed to guide people looking for a lawyer, the Legal Services Consumer Panel has argued.
Partner fined for offensive question to gay trainee
A law firm partner who asked if it was acceptable to call a gay trainee solicitor a “poofter” – and repeated the question to the trainee – has been fined £4,000 by the Solicitors Regulation Authority.
Legal regulators “too slow” with diversity action
Progress by the legal regulators in understanding and tackling ongoing inequalities in the profession is “too slow” and lacks “strategic direction”, the Legal Services Board (LSB) has said. The oversight regulator said there were “fundamental shortcomings” in the collection of… Read More
Blog
Is your Google Ads budget funding your competitors’ AI visibility?
If your cost-per-click has crept up again this year, you’ve probably assumed the market simply got more expensive. That’s the wrong way to read what’s happening.
Containing the spread of unapproved AI
Nearly 60% of fee-earners admit to using unapproved tools (like free versions of ChatGPT). Yet 68% of firm leaders are confident there is zero risk of unapproved AI being used for client work.
When AI adoption goes wrong, costs add up fast
City AM recently reported that London is fighting to claim the title of ‘global capital of legal AI’. However, it’s crucial we remember that adoption alone does not create value.
